2023 Trends in the Oil and Gas Industry The United States is positioning itself to become the world’s largest exporter of liquified natural gas (LNG) once again in 2023. The U.S. has been the world’s largest producer of petroleum since 2018 and the largest producer of natural gas since 2011. During the first two quarters of 2022, the U.S. also became the largest LNG exporter for the first time. Qatar...
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2023 Trends in the Oil and Gas Industry The United States oil and gas industry has gained momentum heading into 2023 due in no small part to the renewed interest in natural gas as the country transitions to clean energy. Natural gas has earned a somewhat-unjustified reputation as nothing more than an affordable byproduct of oil drilling. But after Russia’s invasion of Ukraine led to a historic energy crisis in...
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This month, we welcome the Catco CXE explosion-proof electric heater to our family of offerings. Catco’s niche will always be our famous explosion-proof gas catalytic heaters, but we realized there was a need to expand our options to include electric heating. Our team is therefore excited to announce the launch of Catco CXE heaters! We’ve included this product in our portfolio to provide our customers with a high-quality electric alternative...
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What Is a Hazardous Location? A hazardous location is an area where there is a risk of an explosion due to the presence of an explosive mixture/atmosphere. For example, common elements that make these areas hazardous include ignitable concentrations of flammable gases, vapors, combustible dust, or ignitable fibers. These hazardous locations are classified by a system that analyzes and classifies the areas where explosion hazards may exist. This system provides...
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In as little as four years, the market for the IoT (Internet of Things) in oil and gas worldwide is set to reach $39.40 billion. The oil and gas industry has readily adopted IoT because of the large range of technological challenges organizations face in downstream, midstream, and upstream markets. Here are just a few of those challenges: Tracking assets and machinery Industrial control system management Maintaining pipes and wells...
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In the oil and gas industry, often, your equipment is subject to harsh conditions. That can mean extremely cold temperatures, or areas of high pressure, or places with poor gas quality. Many sites don’t have permanent power supplies, which limits heating solutions to unsafe, impractical, or expensive options. But you need to protect valves and regulators from freezing to avoid shutdowns and keep productivity high. How Do You Increase Productivity...
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Frozen valves and instruments on a remote site are a common and frustrating experience in the oil and gas industry. The downtime and loss of productivity that happens due to a freeze are even worse – you’re losing money every hour that your equipment isn’t working properly. Freezes don’t just happen due to low temperatures, though that’s certainly a common cause. Large pressure cuts also frequently freeze valves due to...
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How can you keep your valves, equipment, and even your people from freezing in tough conditions on a remote site? Even in less-harsh conditions, large pressure cuts and wet gas can cause freezes. Resulting in shutdowns, which cause a serious loss of revenue. But there’s a better option than simply hoping things don’t freeze (the plan of many oil and gas sites we’ve seen) or a hastily installed patchwork of...
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